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Anchor-Tenant Stability – 96% occupied retail center featuring Tractor Supply Co., Ollie’s Bargain Outlet, and Dollar Tree, on long-term corporate leases with additional national, state, and medical tenants ensuring income reliability.
Recent Lease Extensions (WALT of 6.0 Years) – Long-term renewals executed by Tractor Supply, Ollie’s, Dollar Tree, USGS, and the Virginia DMV, reinforcing tenant commitment and minimizing rollover risk.
Attractive Assumable Debt – Below-market 5.7982% fixed interest rate available for assumption, with 3.7 years remaining and a 54.4% LTV, allowing for enhanced cash-on-cash returns day one.
Prime Location & Visibility – Direct frontage on Lee Highway (US-11) and visibility from Interstate 81 (30,000 VPD), adjacent to Walmart Supercenter – driving daily traffic and regional draw.
Recent Capital Improvements – Upgrades to parking lot, HVAC systems, and exterior painting, with 7 years remaining on Ollie’s roof warranty– Enterprise Zone Location (Qualifies for State Funds for CapEx).
Regional Economic Stability – Marion serves as the county seat and commercial center for Smyth County, with core employment from healthcare, government, education, and manufacturing.
Fee Simple Ownership with Long-Term Upside – Full ownership of land and improvements provides control and value stability, with upside through contractual rent escalations, stable tenancy, and low anticipated capital expenditures.
Adjacent to Smyth County Community Hospital – Next to Emory & Henry University Health Sciences Campus
